Press release
Drum and Container Fillers Market Dynamics, Forecast, Analysis and Supply Demand 2016-2024
Packaging industry is experiencing an impressive growth over the past few years. Many new packaging solutions are launched by the packaging manufacturing companies in order to retain its competitive market share. Quality of packaging is dependent on the type of machinery used during production process. Role of efficient packaging also become important when it comes to the pace at which the product needs to be channelized to the market. There is a growing demand for new packaging machines that are suitable for diverse requirement of end use industries. Drum and container fillers is one of the important packaging. Drum and container fillers have a high demand across various industries in order to minimize the wastage of the product and other damages that may result due to improper product handling, storage and distribution. The demand of bulk container and bulk bags are increasing as a packaging solutions due to the cost effectiveness and higher operational efficiency that in turn escalates the sales of drum and container fillers in the near future.
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Drum and Container Fillers: Market Dynamics
Global drum and container fillers market is expected to grow impressively during the forecast period which is primarily driven by the chemical industry. Chemical industry usually prefers to use bulk container as a packaging solutions where the drum and container fillers are used widely. The beverages industry is witnessing a substantial growth both in developed and developing economies which is anticipated to be the one of the key factor of the drum and container fillers market in the upcoming decade. In addition, manufacturers are inclined to transport their products in a bulk container in order to minimize the transportation cost. Drum and container fillers offers high speed that can create a massive impact in the overall global drum and container fillers market. Material wastage is becoming one of the major concerns among the manufacturers. Drum and container fillers reduces the material wastage.
Drum and Container Fillers: Market Segmentation
The global drum and container fillers market is segmented on the basis of automation mode, end user and operation type
Based on the automation mode the global drum and container fillers market is segmented into:
Automatic
Semi-automatic
Based on the end use the global drum and container fillers market is segmented into:
Beverages
Chemical
Apparel
Food
Based on the operation type the global drum and container fillers market is segmented into:
Electric
Mechanical
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Drum and container fillers Market: Regional outlook
In terms of geography, the global drum and container fillers market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to grow at a high rate during the forecast period due to the substantial concentration of countries which are registering high manufacturing sector output such as India and China where the demand of the product is very high. North America and Europe are expected to witness moderate growth in the near future. Though some a few selected markets among developed countries in Europe are likely to post above average growth rate. The Middle East and Africa region is expected to be slothful in the upcoming decade.
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